GoChain, The blockchain of smart contracts

in #blockchain7 years ago

Gochain is a blockchain of intelligent contracts destined to solve problems such as scalability, decentralization and security that have platforms like Ethereum and thanks to its design of immediate integration it will allow existing developers and projects to change them to the Gochain without any kind of problem.

Gochain is 10 times more decentralized because the open decentralization did not work as expected since 70% of China's mining was in charge of few companies, Gochain will force the nodes to locate in different countries and be managed by people so that companies are not related. Gochain will be 100 times faster due to the blockchain technology offering us transactions with very high volumes and with fast verifications, initially it will aim at 1300 transactions per second. Gochain will consume 1000 times less energy than the one used by the Bitcoin and Ethereum networks that if we calculated these 2 networks would feed 4.5 million US households, Gochain would only use a very small fraction to execute different cryptocurrencies.

The POR protocol will allow to confirm the transactions through an authentication test and a reputation test, the difference between these 2 tests is that POR will not depend on a person but will depend on the companies, this generates an incentive system since the companies have more disadvantages than people in case the trusts are not fulfilled. Gochain's mission is to provide a scalable, low-cost, energy-efficient platform for digital currencies and decentralized applications.

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